Setting of the countercyclical capital buffer rate for the period 1 October - 31 December 2017

Print

Setting of the countercyclical capital buffer rate for the period 1 October - 31 December 2017

Monday, 14 August 2017

The Central Bank of Cyprus today publishes its macroprudential policy decision on the setting of the countercyclical capital buffer rate for the period 1 October 2017 - 31 December 2017, in accordance with the provisions of the Macroprudential Oversight of Institutions Law, 2015, having taken into account the European Systemic Risk Board Recommendation on the guidance for setting countercyclical buffer rates (ESRB/2014/1).

The Central Bank of Cyprus (CBC) was established in 1963, shortly after Cyprus gained its independence, in accordance with the Central Bank of Cyprus Law, 1963 and the relevant articles of the Constitution. Today the CBC is governed by the Central Bank of Cyprus Law, 2002 as amended (hereafter “the CBC Law”).